CSE: N OTC Pink:
NXTTF FSE: M5BN
- Next Gen's Vision: To be a leading provider of venture
capital, management expertise, education and a facilitator for this
explosive new industry
-
- Next Gen plans to consolidate certain sectors of this
fragmented industry
- Next Gen plans to provide financing for Medical Marijuana and
Industrial Hemp related companies who require capital in exchange
for an equitable interest in their business and/or a royalty on
sales
- Next Gen intends on incubating companies that are technically
savvy but require professional assistance in fundraising, complex
negotiations, capital markets, public company administration and
IPO's
- Management's due diligence and recent regulatory/legal changes
in North America have prompted our
team to enter into this emerging multi-billion industry
- Management is currently reviewing and soliciting new
business proposals
- The Company plans to abide by government law everywhere it
operates
VANCOUVER, Feb. 26, 2014 /PRNewswire/ - Next Gen Metals
Inc. (the "Company", "Next Gen"), (CSE: N, OTC Pink: NXTTF,
FSE: M5BN), announces its plans to diversify into the Legal
Medical Marijuana and Industrial Hemp industries in North America.
Harry Barr,
President and CEO of Next Gen, stated that "Next Gen's vision is
to be a leading provider of venture capital, management expertise,
education and a facilitator for this explosive new
industry."
Mr. Barr further stated that "A growing
proportion of the medical community believe that Medical Marijuana
and, more specifically cannabinoids, have the potential to help
patients who are suffering from a variety of ailments and
illnesses. In addition, Industrial Hemp is an emerging industry
in Canada and hemp is one of the
strongest natural fibers known to man. Hemp has a wide range of
applications including medicine. Both sectors show the potential
for exponential growth."
Government Regulation Change Leads to Growth in
Industry
Health Canada's
website explains that "The Marihuana Medical Access Program (MMAP)
ends on March 31, 2014. This is also
the date that all previous Authorizations to Possess, Personal-Use
Production Licenses and Designated-Person Production Licenses
expire. As of April 1, 2014,
the only legal access to marihuana for medical purposes will be
through licensed producers under the Marihuana for Medical Purposes
Regulations (MMPR)."
(http://www.hc-sc.gc.ca/dhp-mps/marihuana/index-eng.php).
These regulation changes allow licensed
producers to grow Medical Marijuana on a commercial scale.
Previously, licensed individuals had been allowed to grow Medical
Marijuana in their homes. Health Canada estimates that the market could be
worth $1.3 billion by 2024.
Analysts and industry experts peg estimates to be closer to
$2.6 billion by 2016.
Health Canada's
website explains that "The Industrial Hemp Regulation
Program permits Canadian farmers to grow low-TCH cannabis for
industrial use, under controlled circumstances. This program
administers the regulatory approval process for the commercial
production of industrial hemp. It is comprised of a system of
licenses, permits and authorizations for all persons in
Canada engaged in the cultivation,
distribution, importation, exportation, and processing of
industrial hemp." (See
http://www.hc-sc.gc.ca/hc-ps/substancontrol/hemp-chanvre/about-apropos/index-eng.php).
In the United
States, Medical Marijuana is legal in 20 states including
Washington, DC. Furthermore,
Colorado and Washington State have legalized recreational
use with additional states contemplating legalization.
Recent analysis on the American marijuana
marketplace by ArcView Angel Investors forecast a 64% surge in the
legal U.S. cannabis market to $2.34
billion in 2014. They also estimate that the five-year
national market could grow to $10.2
billion amid rising demand and potentially new state
markets.
Vision
Next Gen's vision is to be a leading provider
of venture capital, management expertise, education and a
facilitator for this explosive new industry. Next Gen is one of
the first Canadian public companies to enter into this
multi-billion dollar green rush whose objective is to invest in a
basket of companies in the sector. The Company is currently
researching investment opportunities in the following industries
within the Medical Marijuana and Industrial Hemp space: health,
agri-business, food, legal grow-ops, technology, client generation,
education, public awareness, specialty medical devices and
ancillary business opportunities.
Competitive Advantages
Next Gen's competitive advantages include:
- Management's financial contacts to raise venture capital
- Management's ability to efficiently manage both public and
private companies on an international scale
- Management's ability to negotiate equitable deals for our
partners and our shareholders
Our group has completed over 300 option/joint
venture agreements with major, mid-tier and junior companies and
raised over $250,000,000 in equity to
advance projects throughout 9 countries. Collectively, Management
has a combined 150 years of experience managing public/private
companies, negotiating complex deals and raising venture
capital.
Investment Methodology
Finance methods will include but not be limited
to the following:
| 1. |
Directly invest in both public and
private companies focussed
on the industry in exchange for an equitable interest in the
business
and/or a royalty on sales |
| 2. |
Incubate companies that are technically savvy but
require
professional assistance in fundraising, complex negotiations,
capital markets, public company administration and IPO's |
| |
a. Act as a value-added
partner |
| 3. |
Organically grow in house businesses and
technologies |
| 4. |
Joint Fund/Venture with: |
| |
a. Industry Leaders |
| |
b. Private Equity Firms |
| |
c. Finance and Brokerage Companies |
| |
d. High Net Worth Investors |
| 5. |
Create funding vehicles to finance our target
acquisitions |
| 6. |
Spin-off key businesses to create
additional value for
our shareholders |
Milestones Going Forward
- Brand Next Gen in accordance with its vision
- Actively seek and review new business plans in the
industry
- Strengthen Management and Advisory Team within the Medical
Marijuana sector
- Be a leader in consolidating this fragmented industry
About Next Gen Metals Inc.
Next Gen Metals Inc. is a diversified public
company which focusses on the Medical Marijuana and Industrial Hemp
industries in North America. Next
Gen also has a Mineral Exploration division.
The Company's Medical Marijuana/Industrial Hemp
divisions are working towards branding Next Gen as the go-to
Canadian public company for Legal Marijuana and Industrial Hemp
investment.
About the International Metals Group
The International Metals Group ("IMG") is an
organization of professionals with a wealth of experience in all
aspects of the mining industry. Our group consists of a brain bank
of project acquisition, exploration and development professionals,
including dedicated CEOs, geologists, engineers, corporate finance
and investor relations experts, corporate managers, public company
administrators, and regulatory and government affairs specialists.
To date, IMG companies (past and present) have completed over 300
option/joint venture agreements with major, mid-tier and junior
companies and raised over $250,000,000 to advance their projects throughout
9 countries.
In February 2014,
Next Gen Metals Inc., a member of the IMG Group of Companies,
became a diversified public company which focusses on investments
in the Medical Marijuana, Industrial Hemp and Mineral Exploration
industries. Pacific North West Capital Corp. (TSXV: PFN, OTCBB:
PAWEF, FSE: P7J) is a majority shareholder of Next Gen Metals
Inc.
On behalf of the Board of Directors
"Harry Barr"
Harry Barr
President & CEO
FORWARD LOOKING INFORMATION
This News Release contains forward-looking
statements. The use of any of the words "anticipate", "continue",
"estimate", "expect", "may", "will", "project", "should", "believe"
and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors
discussed in the Company's disclosure documents which can be found
under the Company's profile on www.sedar.com.
This News Release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.
The CSE has neither reviewed or approved the
contents of this News Release.
SOURCE Next Gen Metals Inc.
